CSHB 2445 would change the formula for contribution payments to the Teacher’s Retirement System (TRS) made by school districts and schools granted a charter under Subchapter D, Chapter 12 of the Education code. The bill would establish the new contribution rate at 0.57 per cent of the aggregate annual compensation of all members of the retirement system who are employed in either a school district or open-enrollment charter schools during that school year. The bill, if enacted, will have no actuarial effect because it does not propose to change the funding or obligations of any public retirement system. It only specifies the source of a portion of the funds that go to the pension fund, which would still receive a full employer contribution on salaries. If the employer contribution changes from the current rate of 6%, the proportion picked up by the charter schools may change, but the system would still receive the full increased contribution.